Between April and October 2020, 31 Lloyds branches will be shut, as well as 10 of the group’s Halifax branches and 15 of the group’s Bank of Scotland branches. It is understood that Lloyds group has closed a around 655 branches since 2010.
Financial services union Accord says staff numbers may be cut by “under 80” in affected branches, but Lloyds group has not commented on the job losses which will accompany the closures.
“The scale will take some by surprise […] [but] many of the staff are expected to be redeployed into other branches,” says Accord. If they are not redeployed, the banking group says it will offer them voluntary redundancy.
